Getco, the high-frequency trading firm, has agreed to acquire Knight Capital in a $1.8bn deal that could see the creation of one of the largest US electronic trading and market-making companies on Wall Street.
A deal was reached after Getco raised the cash portion of its proposed offer. Existing Knight shareholders will have a choice to take $3.75 in cash per Knight share, or one share of common stock of the new holding company. That marked an increase from an initial offer of $3.50 a share for half of Knight’s shares.
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